Fast Cables profit slips 33%

MG News | August 29, 2025 at 04:54 PM GMT+05:00

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August 29, 2025 (MLN): Fast Cables Limited (PSX: FCL) posted a net profit of Rs1.27 billion for the year ended June 30, 2025, down 33% YoY from Rs1.89bn recorded last year. This translated into earnings per share (EPS) of Rs2.03, compared to Rs3.68 in FY24, showing a decline of 45% YoY.

The company’s revenue fell 12% YoY to Rs31.86bn against Rs36.02bn in FY24, while the cost of revenue dropped 10% YoY to Rs26.48bn. This resulted in a gross profit of Rs5.38bn, down 20% YoY.

Cash dividend was given by the company at Rs0.5 per share.

Operating profit also weakened by 26% YoY to Rs3.49bn, driven by higher finance costs of Rs1.61bn, up 18% from last year.

On the other hand, other income surged 71% YoY to Rs613m, partially offsetting the decline in operating margins.

After accounting for taxation of Rs869m, the company reported a net profit of Rs1.27bn versus Rs1.89bn in FY24.

STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025 (Rs.000)
Description	FY25	FY24	change%
Revenue	31,859,424	36,024,051	-11.6%
Cost of Revenue	(26,480,740)	(29,291,009)	-9.6%
Gross Profit	5,378,684	6,733,042	-20.1%
Distribution Cost	(1,365,218)	(1,403,769)	-2.7%
Administrative Expenses	(527,207)	(649,684)	-18.9%
Operating Profit	3,486,259	4,679,589	-25.5%
Other Operating Expenses	(341,736)	(549,618)	-37.8%
Finance Cost	(1,614,839)	(1,364,767)	18.3%
Other Income	612,692	357,457	71.4%
Profit Before Levy and Taxation	2,142,376	3,122,661	-31.4%
Levy / Final Taxation	-	(7,073)
Profit Before Taxation	2,142,376	3,115,588	-31.2%
Taxation	(868,675)	(1,227,996)	-29.3%
Net Profit for the Year	1,273,701	1,887,592	-32.5%
Earnings per Share - Basic and Diluted	2.03	3.68	-44.8%

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